Monday, August 22, 2011
Elton Performed Private Show for Wall St Banker
Elton John did the singing, Vera Wang did the dressing and and it didn't help that attendees like Sen. Chuck Schumer (D-NY) and Mayor Mike Bloomberg added to an air of corporatist complicity.
Flashback to 2007: Steve Schwarzman, the head of Blackstone, a top private equity firm, also hosted a big extravagant party: his 50th.
Both made headlines for their indulgent perks. At Black's, Elton John performed. His asking price is typically $1 million. At Schwarzman's, Rod Stewart, who costs the same, performed.
Schwarzman's party was later referred to as the apex of the lavish spending that ultimately led us months later into the financial crisis.
- Business Insider